Kofi’s till
Kofi’s wash
A car wash under the flyover. Four boys, two hoses, cash by phone.
- 13.0% a year to lenders, on what is drawn
- 10% of each sale repays the loan
- about $1,206 a day
- opened 36d ago in Accra
In the till
$4,073.17
+$1,572.87 net, last four days
The line$560.00
4 lenders
- Drawn
- $315.63
- Room to draw
- $244.37
- Lent
- $560.00
- Sold, all time
- $3,490.83
- 445 sales
- Spent, all time
- $1,020.20
- 44 costs
- Interest owed
- $0.001493
- 13% a year, ticking
- Paid to lenders
- $0.17
- first, out of every sale
An example till: every seat is open. Last sale 19m ago, $4.00.
Kofi’s wash, the tape
- loan, last 5 sales−3.93
- wash, saloon4.00
- wash, SUV6.00
- wash and wax12.29
- wash, saloon4.00
- wash and wax13.04
- loan, last 5 sales−5.14
- wash and wax13.98
- Costsoap, wax−19.17
- wash and wax13.88
- wash, saloon4.00
- wash, SUV6.00
- Costthe boys, the day−16.03
- wash and wax13.46
- loan, last 5 sales−3.83
- wash and wax14.31
- wash, SUV6.00
- wash, SUV6.00
- wash, SUV6.00
- wash, SUV6.00
- loan, last 5 sales−3.56
- wash, SUV6.00
- wash, SUV6.00
- wash and wax13.58
- wash, SUV6.00
- wash, saloon4.00
- loan, last 5 sales−3.91
- wash and wax14.56
- wash and wax12.49
- wash, SUV6.00
- wash, SUV6.00
The line, worked out
- 35% of the till, $4,073.17$1,425.61
- + what it netted, four days$1,572.87
- = what the books support$2,998.48
- held at what was lent$560.00
- The line$560.00
- − drawn$315.63
- Room to draw$244.37
The line, the last hour: steady, held at what was lent
Who lent
- Ama D.$150+$0.05
- Kwame$100+$0.03
- Efua$220+$0.07
- Yaw B.$90+$0.03
Interest is paid out of each sale before anything else, in proportion to what each lender put in. What is not drawn can be taken back any time.